Federal Financial Markets Service
Encyclopedia
The Federal Financial Markets Service (FFMS, FSFR) is a Russia
n federal executive body which regulates Russian financial markets including securities issuance and trading and supervision of exchanges, issuers, professional market participants and their Self-Regulatory Organisations; the Russian Federation Pension Fund; the State management company.
A major social role of FFMS is to promote public understanding of the Securities laws and their practical application.
, the FFMS is a part of the Russian Government. The FFMS has 13 regional divisions in St. Petersburg, Ekaterinburg, Novosibirsk
, Nizhny Novgorod
, Rostov
, Vladivostok
, Krasnoyarsk
, Oryol
, Omsk
, Samara
, Chelyabinsk
, Saratov
and Irkutsk
. There are nine Directorates within the FFMS.
From March 23, 2004, to May 10, 2007, Oleg Vyugin
was the Head of the FFMS. His four deputies was: Vladislav Streltsov, Sergei Kharlamov, Bembya Khulkhachiev and Vladimir Gusakov. Since May 10, 2007, Vladimir Milovidov has led the service.
's Decree No. 314 dated 9 March 2004 "On the System and Structure of Federal Executive Branch Agencies". FFMS received the functions of the former Federal Fund Market Commission of Russia (Федеральная комиссия по рынку ценных бумаг), as well as some responsibilities of the former Ministry of Labour and Social Development of Russia and former Ministry of Antitrust Policy of Russia as well as the Finance Ministry of Russia.
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
n federal executive body which regulates Russian financial markets including securities issuance and trading and supervision of exchanges, issuers, professional market participants and their Self-Regulatory Organisations; the Russian Federation Pension Fund; the State management company.
A major social role of FFMS is to promote public understanding of the Securities laws and their practical application.
Structure
Headquartered in MoscowMoscow
Moscow is the capital, the most populous city, and the most populous federal subject of Russia. The city is a major political, economic, cultural, scientific, religious, financial, educational, and transportation centre of Russia and the continent...
, the FFMS is a part of the Russian Government. The FFMS has 13 regional divisions in St. Petersburg, Ekaterinburg, Novosibirsk
Novosibirsk
Novosibirsk is the third-largest city in Russia, after Moscow and Saint Petersburg, and the largest city of Siberia, with a population of 1,473,737 . It is the administrative center of Novosibirsk Oblast as well as of the Siberian Federal District...
, Nizhny Novgorod
Nizhny Novgorod
Nizhny Novgorod , colloquially shortened to Nizhny, is, with the population of 1,250,615, the fifth largest city in Russia, ranking after Moscow, St. Petersburg, Novosibirsk, and Yekaterinburg...
, Rostov
Rostov
Rostov is a town in Yaroslavl Oblast, Russia, one of the oldest in the country and a tourist center of the Golden Ring. It is located on the shores of Lake Nero, northeast of Moscow. Population:...
, Vladivostok
Vladivostok
The city is located in the southern extremity of Muravyov-Amursky Peninsula, which is about 30 km long and approximately 12 km wide.The highest point is Mount Kholodilnik, the height of which is 257 m...
, Krasnoyarsk
Krasnoyarsk
Krasnoyarsk is a city and the administrative center of Krasnoyarsk Krai, Russia, located on the Yenisei River. It is the third largest city in Siberia, with the population of 973,891. Krasnoyarsk is an important junction of the Trans-Siberian Railway and one of Russia's largest producers of...
, Oryol
Oryol
Oryol or Orel is a city and the administrative center of Oryol Oblast, Russia, located on the Oka River, approximately south-southwest of Moscow...
, Omsk
Omsk
-History:The wooden fort of Omsk was erected in 1716 to protect the expanding Russian frontier along the Ishim and the Irtysh rivers against the Kyrgyz nomads of the Steppes...
, Samara
Samara, Russia
Samara , is the sixth largest city in Russia. It is situated in the southeastern part of European Russia at the confluence of the Volga and Samara Rivers. Samara is the administrative center of Samara Oblast. Population: . The metropolitan area of Samara-Tolyatti-Syzran within Samara Oblast...
, Chelyabinsk
Chelyabinsk
Chelyabinsk is a city and the administrative center of Chelyabinsk Oblast, Russia, located in the northwestern side of the oblast, south of Yekaterinburg, just to the east of the Ural Mountains, on the Miass River. Population: -History:...
, Saratov
Saratov
-Modern Saratov:The Saratov region is highly industrialized, due in part to the rich in natural and industrial resources of the area. The region is also one of the more important and largest cultural and scientific centres in Russia...
and Irkutsk
Irkutsk
Irkutsk is a city and the administrative center of Irkutsk Oblast, Russia, one of the largest cities in Siberia. Population: .-History:In 1652, Ivan Pokhabov built a zimovye near the site of Irkutsk for gold trading and for the collection of fur taxes from the Buryats. In 1661, Yakov Pokhabov...
. There are nine Directorates within the FFMS.
From March 23, 2004, to May 10, 2007, Oleg Vyugin
Oleg Vyugin
Oleg Vyacheslavovich Vyugin was the Head of the Federal Financial Markets Service of Russia.-Education and early career:...
was the Head of the FFMS. His four deputies was: Vladislav Streltsov, Sergei Kharlamov, Bembya Khulkhachiev and Vladimir Gusakov. Since May 10, 2007, Vladimir Milovidov has led the service.
History
The FFMS was established by President Vladimir PutinVladimir Putin
Vladimir Vladimirovich Putin served as the second President of the Russian Federation and is the current Prime Minister of Russia, as well as chairman of United Russia and Chairman of the Council of Ministers of the Union of Russia and Belarus. He became acting President on 31 December 1999, when...
's Decree No. 314 dated 9 March 2004 "On the System and Structure of Federal Executive Branch Agencies". FFMS received the functions of the former Federal Fund Market Commission of Russia (Федеральная комиссия по рынку ценных бумаг), as well as some responsibilities of the former Ministry of Labour and Social Development of Russia and former Ministry of Antitrust Policy of Russia as well as the Finance Ministry of Russia.